59. (p.

116) Why
are some financial service operations referred to as financial
supermarkets?
A. They offer a combination
of services from one source
B. Customers can receive cash and a receipt
C. They have many locations, like supermarkets
D. They are often located in supermarkets or convenience
stores
E. Their prices are similar to those in a supermarket
60. (p. 117) A
drawback of a savings account is
A. Easy access to deposits
B. Insured
C. Low minimum balance
D. Low rate of return
E. No penalty for early withdrawal
61. (p. 117) A
drawback of a regular savings account is
A. Low rate of return
B. Minimum deposit
C. Not insured
D. Possible penalty for early withdrawal
E. All of these are drawback of a regular savings
account
62. (p. 117) Another
name for a regular savings account is a
A. Certificate of deposit
B. Checking account
C. Money market account
D. Money market fund
E. Statement account
63. (p. 119) A
certificate of deposit that has different interest levels based on market
performance is called a
A. Bump-up CD
B. Callable CD
C. Portfolio CD
D. Promotional CD
E. Stock-indexed CD
64. (p. 119) Karen
wanted a certificate of deposit that would definitely be available until
the maturity date. She would NOT want to consider a
A. Bump-up CD
B. Callable CD
C. Portfolio CD
D. Promotional CD
E. Stock-indexed CD
65. (p. 119) Wanda
bought a certificate of deposit and automatically received a free bike. She
purchased a
A. Bump-up CD
B. Callable CD
C. Portfolio CD
D. Promotional CD
E. Stock-indexed CD
66. (p. 119) Xavier
bought a certificate of deposit whose interest rate changes. In fact, he might
even earn 0% interest on his investment for a time. He purchased a
A. Bump-up CD
B. Callable CD
C. Portfolio CD
D. Promotional CD
E. Stock-indexed CD
67. (p. 119) Zach
wants to open up an account, but he doesn’t know which kind is appropriate. He
is interested in earning a higher interest rate and knows that he might not be
able to write many checks from his account. In addition, he plans to keep at
least $1,000 in his account so he can avoid paying a fee. He definitely wants
to have federal deposit insurance. What kind of account should he open?
A. Certificate of deposit
B. Interest-earning checking account
C. Money market account
D. Money market fund
E. Regular savings account
68. (p. 119) Amber
wants to open up an account, but she doesn’t know which kind is appropriate.
She is interested in earning a higher interest rate and plans to keep at least
$1,000 in her account so she can avoid paying a fee. Amber wants to open her
account at an investment company. What kind of account should she open?
A. Certificate of deposit
B. Interest-earning checking account
C. Money market account
D. Money market fund
E. Regular savings account
ANSWER IS :-

ANSWER IS :-

59.

A. They offer a combination

They offer a blend of administrations from one source. Most items accompany some assurance
of value. This kind of guarantee expresses that a flawed item can be fixed or supplanted during a
sensible measure of time.

60.

C. Low minimum balance

Three drawbacks of bank accounts are the least equilibrium necessities, lower financing costs
than different records/speculations, and government limits on saving withdrawal. In the event
that you're adequately lucky to have additional cash for long-haul objectives, first, applaud
yourself.

61.

B. Minimum deposit

Pays less interest than you can earn with certificates of deposit, Treasury bills, or in
estments.Easy access can make withdrawals tempting. Some savings accounts require minimum
balances.

62.

E. Statement account

A saving account in which exchanges are affirmed occasionally by a bank statement . You can in
any case arrange paper duplicates of your Savings Account, Current Account, and Personal
Loans proclamations in only a couple of snaps. The primary duplicate of every assertion is free
for sans paper clients. In any case, for Credit Cards, there's a charge for it. In the event that you
don't decide to go sans paper, you'll in any case get paper duplicates.

63.

E. Stock-indexed CD
A market-linked  CD, otherwise called a listed CD, value connected CD, or market-filed CD, is a
kind of declaration of the store that depends on a market record, a bin of values, or a mix of the
two. This decides the profits you can see from the CD.

64.

B. Callable CD

A callable certificate of deposit (CD) is a FDIC-protected CD containing a call that includes

various types of fixed payment protections. Callable CDs can be obtained (called) at the time of
the responsible bank prior to their specified development, usually during a given period and at a
set cost.

65.

D. Promotional CD

A promotional  CD, some of the time alluded to as a little something extra CD is a declaration of
the store with a higher-than-typical yearly rate yield (APY). Banks and credit associations might
offer a limited-time CD to draw in new clients and their stores.

66.

E. Stock-indexed CD

A market-linked  CD, otherwise called a listed CD, value connected CD, or market-filed CD, is a
kind of declaration of the store that depends on a market record, a bin of values, or a mix of the
two. This decides the profits you can see from the CD.

67.

C. Money market account

A money market account is a premium bearing record that you can open at banks and credit
associations. They are basically the same as investment accounts, however, they offer some
financial records highlights too. Currency market accounts are not quite the same as currency
market shared reserves.

68.

D. Money market fund

A money market fund is a type of mutual fund with low risks compared to other joint ventures
and many other investments and historically have a low return. Stock market investments invest
in high quality, short-term debt securities and payable returns typically reflect short-term interest
rates.